North Dakota Oil Output Climbed 4.7% in December, State Says
February 08, 2012, 3:26 PM ESTBy Aaron Clark
(Updates with Bakken oil spread to West Texas Intermediate in second paragraph.)
Feb. 8 (Bloomberg) -- North Dakota oil production increased 4.7 percent to 534,884 barrels a day in December from the previous month, according to the state Oil and Gas Division.
Bakken crude’s discount to West Texas Intermediate widened $5 to $27 a barrel at 2:08 p.m. in New York, according to data compiled by Bloomberg, the weakest level in records dating to Oct. 1, 2010.
Production surged 43 percent to 510,638 barrels a day in November from a year earlier, according to the Oil and Gas Division.
--Editors: Richard Stubbe, Charlotte Porter
To contact the reporter on this story: Aaron Clark in New York at aclark27@bloomberg.net
To contact the editor responsible for this story: Dan Stets at dstets@bloomberg.net
